Market Overview

Technical Forecast for Natural Gas

Technical Forecast for Natural Gas


Natural Gas appears directionless as we struggle with the 200 day moving average at 3.682 & Fibonacci resistance at 3.692/701. This area could hold the topside again today with the outlook more negative. However a break above here can run up towards 3.754, perhaps as far as 3.785.


Support at 3.608/606 has hold the downside for the last 2 sessions but a break lower today looks more likely & could target 3.577/574 then this week’s low of 3.546 before June lows at 3.526.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Commodities Markets Trading Ideas


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